NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Household Finance Working Group Archive


2013
w19747 David Yermack
Is Bitcoin a Real Currency? An economic appraisal

w19684 Efstathios Avdis
Jessica A. Wachter

Maximum likelihood estimation of the equity premium

w19682 Jonathan Zinman
Consumer Credit: Too Much or Too Little (or Just Right)?

w19654 Kelly Bedard
Peter J. Kuhn

Making Nutritional Information Digestible: Effects of a Receipt-Based Intervention on Restaurant Purchases

w19606 Sumit Agarwal
Itzhak Ben-David
Vincent Yao

Collateral Valuation and Borrower Financial Constraints: Evidence from the Residential Real Estate Market

w19591 Robert L. Clark
Jennifer A. Maki
Melinda Sandler Morrill

Can Simple Informational Nudges Increase Employee Participation in a 401(k) Plan?

w19583 Andreas Hubener
Raimond Maurer
Olivia S. Mitchell

How Family Status and Social Security Claiming Options Shape Optimal Life Cycle Portfolios

w19569 Clemens Sialm
Laura Starks
Hanjiang Zhang

Defined Contribution Pension Plans: Sticky or Discerning Money?

w19568 Ralph S.J. Koijen
Motohiro Yogo

Shadow Insurance

w19566 Robert Clark
Melinda Morrill
David Vanderweide

The Effects of Retiree Health Insurance Plan Characteristics on Retirees' Choice and Employers' Costs

w19550 Sumit Agarwal
Gene Amromin
Itzhak Ben-David
Souphala Chomsisengphet
Douglas D. Evanoff

Predatory Lending and the Subprime Crisis

w19543 Thomas F. Crossley
Joachim K. Winter

Asking Households About Expenditures: What Have We Learned?

w19527 Keith M Marzilli Ericson
Amanda Starc

How Product Standardization Affects Choice: Evidence from the Massachusetts Health Insurance Exchange

w19511 Robert Clark
Olivia S. Mitchell

How Does Retiree Health Insurance Influence Public Sector Employee Saving?

w19500 Kent Smetters
Xingtan Zhang

A Sharper Ratio: A General Measure for Correctly Ranking Non-Normal Investment Risks

w19484 Sumit Agarwal
Souphala Chomsisengphet
Neale Mahoney
Johannes Stroebel

Regulating Consumer Financial Products: Evidence from Credit Cards

w19421 Hui Chen
Michael Michaux
Nikolai Roussanov

Houses as ATMs? Mortgage Refinancing and Macroeconomic Uncertainty

w19392 James Andreoni
Michael A. Kuhn
Charles Sprenger

On Measuring Time Preferences

w19386 Rong Hai
Dirk Krueger
Andrew Postlewaite

On the Welfare Cost of Consumption Fluctuations in the Presence of Memorable Goods

w19384 Keith M. Marzilli Ericson
Andreas Fuster

The Endowment Effect

w19323 Dean Corbae
Erwan Quintin

Leverage and the Foreclosure Crisis

w19319 Chong Wang
Neng Wang
Jinqiang Yang

Optimal Consumption and Savings with Stochastic Income

w19296 Marco Bassetto
Marco Cagetti
Mariacristina De Nardi

Credit Crunches and Credit Allocation in a Model of Entrepreneurship

w19241 Justine S. Hastings
Christopher A. Neilson
Seth D. Zimmerman

Are Some Degrees Worth More than Others? Evidence from college admission cutoffs in Chile

w19211 Felix Reichling
Kent Smetters

Optimal Annuitization with Stochastic Mortality Probabilities

w19206 Vanya Horneff
Raimond Maurer
Olivia S. Mitchell
Ralph Rogalla

Optimal Life Cycle Portfolio Choice with Variable Annuities Offering Liquidity and Investment Downside Protection

w19193 John Beshears
James J. Choi
David Laibson
Brigitte C. Madrian

Who Uses the Roth 401(k), and How Do They Use It?

w19189 Nicholas Barberis
Robin Greenwood
Lawrence Jin
Andrei Shleifer

X-CAPM: An Extrapolative Capital Asset Pricing Model

w19168 Jeffrey R. Brown
Arie Kapteyn
Erzo F.P. Luttmer
Olivia S. Mitchell

Cognitive Constraints on Valuing Annuities

w19151 Mariacristina De Nardi
Eric French
John Bailey Jones

Medicaid Insurance in Old Age

w19130 Emel Filiz-Ozbay
Jonathan Guryan
Kyle Hyndman
Melissa Schettini Kearney
Erkut Y. Ozbay

Do Lottery Payments Induce Savings Behavior: Evidence from the Lab

w19103 Robin L. Lumsdaine
Rogier J.D. Potter van Loon

Wall Street vs. Main Street: An Evaluation of Probabilities

w19069 Victor Stango
Jonathan Zinman

Borrowing High vs. Borrowing Higher: Sources and Consequences of Dispersion in Individual Borrowing Costs

w19035 Liran Einav
Jonathan D. Levin

The Data Revolution and Economic Analysis

w18950 Esther Duflo
Abhijit Banerjee
Rachel Glennerster
Cynthia G. Kinnan

The Miracle of Microfinance? Evidence from a Randomized Evaluation

w19020 Patrick Bayer
Fernando Ferreira
Stephen L. Ross

The Vulnerability of Minority Homeowners in the Housing Boom and Bust

w18965 Stuart A. Gabriel
Matthew E. Kahn
Ryan K. Vaughn

Congressional Influence as a Determinant of Subprime Lending

w18922 Stéphane Guibaud
Yves Nosbusch
Dimitri Vayanos

Bond Market Clienteles, the Yield Curve, and the Optimal Maturity Structure of Government Debt

w18910 Umit G. Gurun
Gregor Matvos
Amit Seru

Advertising Expensive Mortgages

w18907 Julie Agnew
Joshua Hurwitz

Financial Education and Choice in State Public Pension Systems

w18883 Marianne Bertrand
Adair Morse

Trickle-Down Consumption

w18881 Justine S. Hastings
Ali Hortaçsu
Chad Syverson

Advertising and Competition in Privatized Social Security: The Case of Mexico

w18868 Manuel Adelino
Antoinette Schoar
Felipe Severino

House Prices, Collateral and Self-Employment

w18847 Li Gan
Manuel A. Hernandez
Yanyan Liu

Group Lending with Heterogeneous Types

w18843 Tomasz Piskorski
Amit Seru
James Witkin

Asset Quality Misrepresentation by Financial Intermediaries: Evidence from RMBS Market

w18764 Veronika K. Pool
Clemens Sialm
Irina Stefanescu

It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) Plans

w18748 Stefano DellaVigna
John A. List
Ulrike Malmendier
Gautam Rao

The Importance of Being Marginal: Gender Differences in Generosity

w18743 Stephen G. Dimmock
Roy Kouwenberg
Olivia S. Mitchell
Kim Peijnenburg

Ambiguity Aversion and Household Portfolio Choice: Empirical Evidence

w18742 B. Douglas Bernheim
Debraj Ray
Sevin Yeltekin

Poverty and Self-Control

w18667 Karl E. Case
John M. Quigley
Robert J. Shiller

Wealth Effects Revisited: 1975-2012

w18669 Annamaria Lusardi
Pierre-Carl Michaud
Olivia S. Mitchell

Optimal Financial Knowledge and Wealth Inequality


2012
w18621 Nicholas C. Barberis
Thirty Years of Prospect Theory in Economics: A Review and Assessment

w18582 Fabian Duarte
Justine S. Hastings

Fettered Consumers and Sophisticated Firms: Evidence from Mexico's Privatized Social Security Market

w18609 Sumit Agarwal
Efraim Benmelech
Nittai Bergman
Amit Seru

Did the Community Reinvestment Act (CRA) Lead to Risky Lending?

w18601 Daniel Gottlieb
Kent Smetters

Narrow Framing and Life Insurance

w18575 John Beshears
James J. Choi
David Laibson
Brigitte C. Madrian
Stephen P. Zeldes

What Makes Annuitization More Appealing?

w18565 Raj Chetty
John N. Friedman
Soren Leth-Petersen
Torben Nielsen
Tore Olsen

Active vs. Passive Decisions and Crowdout in Retirement Savings Accounts: Evidence from Denmark

w18562 Cary Frydman
Nicholas Barberis
Colin Camerer
Peter Bossaerts
Antonio Rangel

Using Neural Data to Test a Theory of Investor Behavior: An Application to Realization Utility

w18517 John Chalmers
Woodrow T. Johnson
Jonathan Reuter

The Effect of Pension Design on Employer Costs and Employee Retirement Choices: Evidence from Oregon

w18510 Jonathan A. Parker
LEADS on Macroeconomic Risks to and from the Household Sector

w18493 Elizabeth M. Caucutt
Lance Lochner

Early and Late Human Capital Investments, Borrowing Constraints, and the Family

w18446 Kathleen McGarry
Dynamic Aspects of Family Transfers

w18417 Felipe Kast
Stephan Meier
Dina Pomeranz

Under-Savers Anonymous: Evidence on Self-Help Groups and Peer Pressure as a Savings Commitment Device

w18412 Justine S. Hastings
Brigitte C. Madrian
William L. Skimmyhorn

Financial Literacy, Financial Education and Economic Outcomes

w18398 Markus K. Brunnermeier
Martin Oehmke

Bubbles, Financial Crises, and Systemic Risk

w18394 John Y. Campbell
Tarun Ramadorai
Benjamin Ranish

How Do Regulators Influence Mortgage Risk: Evidence from an Emerging Market

w18358 Michael J. Fishman
Jonathan A. Parker

Valuation, Adverse Selection, and Market Collapses

w18311 Sumit Agarwal
Gene Amromin
Itzhak Ben-David
Souphala Chomsisengphet
Tomasz Piskorski
Amit Seru

Policy Intervention in Debt Renegotiation: Evidence from the Home Affordable Modification Program

w18269 Donghoon Lee
Christopher J. Mayer
Joseph Tracy

A New Look at Second Liens

w18342 Jeffrey R. Brown
Scott Weisbenner

The Distributional Effects of the Social Security Windfall Elimination Provision

w18321 Ralph S.J. Koijen
Motohiro Yogo

The Cost of Financial Frictions for Life Insurers

w18248 Justine Hastings
Jesse M. Shapiro

Mental Accounting and Consumer Choice: Evidence from Commodity Price Shocks

w18241 Leonardo Bursztyn
Florian Ederer
Bruno Ferman
Noam Yuchtman

Understanding Peer Effects in Financial Decisions: Evidence from a Field Experiment

w18190 Andrew Caplin
Anna Cororaton
Joseph Tracy

Is the FHA Creating Sustainable Homeownership?

w18170 Olivier Coibion
Yuriy Gorodnichenko
Lorenz Kueng
John Silvia

Innocent Bystanders? Monetary Policy and Inequality in the U.S.

w18158 John Chalmers
Jonathan Reuter

What is the Impact of Financial Advisors on Retirement Portfolio Choices and Outcomes?

w18137 André de Souza
Anthony W. Lynch

Does Mutual Fund Performance Vary over the Business Cycle?

w18105 Neale Mahoney
Bankruptcy as Implicit Health Insurance

w18077 Thomas Philippon
Has the U.S. Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation

w18069 Patrick Bayer
Marcus D. Casey
Fernando Ferreira
Robert McMillan

Estimating Racial Price Differentials in the Housing Market

w18065 Xavier Giné
Jessica Goldberg
Dan Silverman
Dean Yang

Revising Commitments: Field Evidence on the Adjustment of Prior Choices

w18050 Martijn Cremers
Antti Petajisto
Eric Zitzewitz

Should Benchmark Indices Have Alpha? Revisiting Performance Evaluation

w18000 Shang-Jin Wei
Xiaobo Zhang
Yin Liu

Status Competition and Housing Prices

w17929 Sendhil Mullainathan
Markus Noeth
Antoinette Schoar

The Market for Financial Advice: An Audit Study

w17927 Gopi Shah Goda
Colleen Flaherty Manchester
Aaron Sojourner

What Will My Account Really Be Worth? An Experiment on Exponential Growth Bias and Retirement Saving

w17911 Olivia S. Mitchell
Stephen Utkus

Target-Date Funds in 401(k) Retirement Plans

w17899 Hanming Fang
Edward Kung

Why Do Life Insurance Policyholders Lapse? The Roles of Income, Health and Bequest Motive Shocks

w17895 Bruce Ian Carlin
Florian Ederer

Search Fatigue

w17886 Pierluigi Balduzzi
Jonathan Reuter

Heterogeneity in Target-Date Funds: Optimal Risk Taking or Risk Matching?

w17882 Arthur Korteweg
Morten Sorensen

Estimating Loan-to-Value and Foreclosure Behavior

w17857 Robin McKnight
Jonathan Reuter
Eric Zitzewitz

Insurance as Delegated Purchasing: Theory and Evidence from Health Care

w17843 James J. Choi
Emily Haisley
Jennifer Kurkoski
Cade Massey

Small Cues Change Savings Choices

w17832 Manuel Adelino
Antoinette Schoar
Felipe Severino

Credit Supply and House Prices: Evidence from Mortgage Market Segmentation

w17807 Tal Gross
Matthew J. Notowidigdo
Jialan Wang

Liquidity Constraints and Consumer Bankruptcy: Evidence from Tax Rebates

w17783 Xavier Gabaix
Boundedly Rational Dynamic Programming: Some Preliminary Results

w17743 Abhijit Banerjee
Arun G. Chandrasekhar
Esther Duflo
Matthew O. Jackson

The Diffusion of Microfinance

w17723 Tim Landvoigt
Monika Piazzesi
Martin Schneider

The Housing Market(s) of San Diego


2011
w17702 Esther Duflo
Women's Empowerment and Economic Development

w17688 Mariacristina De Nardi
Eric French
David Benson

Consumption and the Great Recession

w17581 Charles Yuji Horioka
Akiko Terada-Hagiwara

The Determinants and Long-term Projections of Saving Rates in Developing Asia

w17536 James M. Poterba
Steven F. Venti
David A. Wise

The Composition and Draw-down of Wealth in Retirement

w17522 Kristian Rydqvist
Joshua Spizman
Ilya A. Strebulaev

Government Policy and Ownership of Financial Assets

w17516 John Y. Campbell
João F. Cocco

A Model of Mortgage Default

w17506 Alp Simsek
Speculation and Risk Sharing with New Financial Assets

w17491 Diane Del Guercio
Jonathan Reuter

Mutual Fund Performance and the Incentive to Generate Alpha

w17485 Lisa J. Dettling
Melissa Schettini Kearney

House Prices and Birth Rates: The Impact of the Real Estate Market on the Decision to Have a Baby

w17475 Dean Karlan
Jonathan Zinman

List Randomization for Sensitive Behavior: An Application for Measuring Use of Loan Proceeds

w17449 Xavier Giné
Jessica Goldberg
Dean Yang

Credit Market Consequences of Improved Personal Identification: Field Experimental Evidence from Malawi

w17410 Jeffrey R. Kling
Sendhil Mullainathan
Eldar Shafir
Lee Vermeulen
Marian Wrobel

Comparison Friction: Experimental Evidence from Medicare Drug Plans

w17345 John Beshears
James J. Choi
David Laibson
Brigitte C. Madrian
Katherine L. Milkman

The Effect of Providing Peer Information on Retirement Savings Decisions

w17338 Greg Kaplan
Giovanni L. Violante

A Model of the Consumption Response to Fiscal Stimulus Payments

w17325 Ralph Koijen
Stijn Van Nieuwerburgh
Motohiro Yogo

Health and Mortality Delta: Assessing the Welfare Cost of Household Insurance Choice

w17315 Gene Amromin
Jennifer Huang
Clemens Sialm
Edward Zhong

Complex Mortgages

w17255 Pascaline Dupas
Jonathan Robinson

Why Don't the Poor Save More? Evidence from Health Savings Experiments

w17199 Ngoc-Khanh Tran
Richard J. Zeckhauser

The Behavior of Savings and Asset Prices When Preferences and Beliefs are Heterogeneous

w17134 Jingjing Chai
Raimond Maurer
Olivia S. Mitchell
Ralph Rogalla

Lifecycle Impacts of the Financial and Economic Crisis on Household Optimal Consumption, Portfolio Choice, and Labor Supply

w17122 Yael V. Hochberg
Joshua D. Rauh

Local Overweighting and Underperformance: Evidence from Limited Partner Private Equity Investments

w17118 John Beshears
James J. Choi
David Laibson
Brigitte C. Madrian

The Availability and Utilization of 401(k) Loans

w17065 Christopher J. Mayer
Edward Morrison
Tomasz Piskorski
Arpit Gupta

Mortgage Modification and Strategic Behavior: Evidence from a Legal Settlement with Countrywide

w17047 David Card
Stefano DellaVigna
Ulrike Malmendier

The Role of Theory in Field Experiments

w17041 Erik Hurst
Benjamin Wild Pugsley

What Do Small Businesses Do?

w17028 Victor Stango
Jonathan Zinman

Limited and Varying Consumer Attention: Evidence from Shocks to the Salience of Bank Overdraft Fees

w17025 Jialun Li
Kent Smetters

Optimal Portfolio Choice with Wage-Indexed Social Security

w17018 Jeffrey R. Brown
Arie Kapteyn
Olivia S. Mitchell

Framing Effects and Expected Social Security Claiming Behavior

w16999 Rajashri Chakrabarti
Donghoon Lee
Wilbert van der Klaauw
Basit Zafar

Household Debt and Saving During the 2007 Recession

w16965 Thomas Philippon
Virgiliu Midrigan

Household Leverage and the Recession

w16933 Florencia Devoto
Esther Duflo
Pascaline Dupas
William Pariente
Vincent Pons

Happiness on Tap: Piped Water Adoption in Urban Morocco

w16911 Xavier Gabaix
A Sparsity-Based Model of Bounded Rationality

w16887 Erin Todd Bronchetti
Thomas S. Dee
David B. Huffman
Ellen Magenheim

When a Nudge Isn't Enough: Defaults and Saving Among Low-Income Tax Filers

w16868 John Beshears
James J. Choi
David Laibson
Brigitte C. Madrian

Does Aggregated Returns Disclosure Increase Portfolio Risk-Taking?

w16840 Edward N. Wolff
Maury Gittleman

Inheritances and the Distribution of Wealth or Whatever Happened to the Great Inheritance Boom? Results from the SCF and PSID

w16791 Syngjoo Choi
Shachar Kariv
Wieland Müller
Dan Silverman

Who Is (More) Rational?

w16740 Justine S. Hastings
Olivia S. Mitchell

How Financial Literacy and Impatience Shape Retirement Wealth and Investment Behaviors

w16728 John Beshears
James J. Choi
David Laibson
Brigitte C. Madrian

Behavioral Economics Perspectives on Public Sector Pension Plans

w16701 Sam Schulhofer-Wohl
Negative Equity Does Not Reduce Homeowners' Mobility

w16696 Pierre-André Chiappori
Krislert Samphantharak
Sam Schulhofer-Wohl
Robert M. Townsend

Heterogeneity and Risk Sharing in Village Economies

w16684 Jonathan A. Parker
Nicholas S. Souleles
David S. Johnson
Robert McClelland

Consumer Spending and the Economic Stimulus Payments of 2008


2010
w16648 Ralph S.J. Koijen
Stijn Van Nieuwerburgh

Predictability of Returns and Cash Flows

w16620 Julio J. Rotemberg
A Behavioral Model of Demandable Deposits and its Implications for Financial Regulation

w16612 Robert Clark
Melinda Sandler Morrill
Steven G. Allen

The Role of Financial Literacy in Determining Retirement Plans

w16586 Christopher J. Mayer
Tomasz Piskorski
Alexei Tchistyi

The Inefficiency of Refinancing: Why Prepayment Penalties Are Good for Risky Borrowers

w16577 Jonathan A. Parker
Annette Vissing-Jorgensen

The Increase in Income Cyclicality of High-Income Households and its Relation to the Rise in Top Income Shares

w16554 Javier Arias
Oliver Azuara
Pedro Bernal
James J. Heckman
Cajeme Villarreal

Policies To Promote Growth and Economic Efficiency in Mexico

w16531 Andrew Paciorek
Todd M. Sinai

Does Home Owning Smooth the Variability of Future Housing Consumption?

w16527 Erik Hurst
Geng Li
Benjamin Pugsley

Are Household Surveys Like Tax Forms: Evidence from Income Underreporting of the Self Employed

w16464 Michael D. Hurd
Maarten van Rooij
Joachim Winter

Stock Market Expectations of Dutch Households

w16452 Jere R. Behrman
Olivia S. Mitchell
Cindy Soo
David Bravo

Financial Literacy, Schooling, and Wealth Accumulation

w16433 Melissa Schettini Kearney
Peter Tufano
Jonathan Guryan
Erik Hurst

Making Savers Winners: An Overview of Prize-Linked Savings Products

w16407 Michael D. Hurd
Susann Rohwedder

Effects of the Financial Crisis and Great Recession on American Households

w16351 Atif Mian
Amir Sufi

The Effects of Fiscal Stimulus: Evidence from the 2009 'Cash for Clunkers' Program

w16329 Jonathan Reuter
Eric Zitzewitz

How Much Does Size Erode Mutual Fund Performance? A Regression Discontinuity Approach

w16316 Jessica A. Wachter
Motohiro Yogo

Why Do Household Portfolio Shares Rise in Wealth?

w16312 Diane Del Guercio
Jonathan Reuter
Paula A. Tkac

Broker Incentives and Mutual Fund Market Segmentation

w16275 Mathias Dolls
Clemens Fuest
Andreas Peichl

Automatic Stabilizers and Economic Crisis: US vs. Europe

w16271 Bruce Ian Carlin
David T. Robinson

What Does Financial Literacy Training Teach Us?

w16237 Veronica Guerrieri
Daniel Hartley
Erik Hurst

Endogenous Gentrification and Housing Price Dynamics

w16212 Gopi Shah Goda
John B. Shoven
Sita Nataraj Slavov

How Well Are Social Security Recipients Protected from Inflation?

w16211 Gopi Shah Goda
John B. Shoven
Sita Nataraj Slavov

Does Stock Market Performance Influence Retirement Intentions?

w16205 Dean Karlan
Margaret McConnell
Sendhil Mullainathan
Jonathan Zinman

Getting to the Top of Mind: How Reminders Increase Saving

w16063 Daniel Paravisini
Veronica Rappoport
Enrichetta Ravina

Risk Aversion and Wealth: Evidence from Person-to-Person Lending Portfolios

w15998 Raj Chetty
Adam Szeidl

The Effect of Housing on Portfolio Choice

w15988 Jack Favilukis
Sydney C. Ludvigson
Stijn Van Nieuwerburgh

The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk-Sharing in General Equilibrium

w15968 Wenli Li
Michelle J. White
Ning Zhu

Did Bankruptcy Reform Cause Mortgage Default to Rise?

w15963 Damon Jones
Inertia and Overwithholding: Explaining the Prevalence of Income Tax Refunds

w15859 Laurent E. Calvet
Paolo Sodini

Twin Picks: Disentangling the Determinants of Risk-Taking in Household Portfolios


2009
w15483 Jonathan Heathcote
Fabrizio Perri
Giovanni L. Violante

Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States, 1967-2006

w15462 Todd M. Sinai
Nicholas S. Souleles

Can Owning a Home Hedge the Risk of Moving?

w15327 Clemens Sialm
Laura Starks

Mutual Fund Tax Clienteles

w15307 Motohiro Yogo
Portfolio Choice in Retirement: Health Risk and the Demand for Annuities, Housing, and Risky Assets

w15283 Atif R. Mian
Amir Sufi

House Prices, Home Equity-Based Borrowing, and the U.S. Household Leverage Crisis


Generated Sun Jul 5 00:00:23 2015

 
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